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Playa Vista was a rising tech hub before the pandemic upended office trends.
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Hines' new loan matures in 2028 and £740M has been drawn so far.
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FM Global signed a 50K SF lease at Hines' 51-story office project.
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Boeing left the 36-story office tower at 100 N. Riverside Plaza more than three years ago and a deal to sell to Sterling Bay fell through.
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Hines Global Income Trust set a new local price per square foot record of about $727 with its purchase of a Montrose mixed-use property from its developer.
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Owners Sagamore Ventures and Goldman Sachs are handing control of the undeveloped sites to lender Bank OZK, which held a $66M loan coming due at year-end.
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The Houston developer will be in charge of developing the multifamily portion of the master-planned project near the Alewife MBTA station.
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The development would replace the Pacific Gas & Electric Building at 77 Beale St.
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The approximately 20-year-old asset received a lot of interest from investors, but Hines won out.
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The 11 Texas developments sold by Hines feature more than 600 acres of commercial land and 16,000 remaining residential lots.
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